This Blog will basically discuss economic issues, with some history and political events thrown in. The author is a mix of Conservative and Liberal impulses, with matching Authoritarian and Libertarian trends.

Wednesday, January 12, 2011

The Art of Deduction

I like this article for what it tells Us, not what it doesn’t. It is evidence that there was communal economic activity around 4100 B.C. This stands way beyond subsistence farming. It is advanced technological alteration of basic agricultural product to enhance the shelf-life of the Crops. The size of the production facility almost insists on some form of market structure, as the volume of Product to be handled would exceed the needs of even a small group of families, let alone individual families. The discovery of a leather sandal within close proximity to the facility indicate the high probability of caravan travel, as only Travelers would invest in expensive, durable footwear in the absence of extreme Cold conditions. The indication of market structure suggests a common medium of exchange–or Money. The later would indicate some form of advance Government structure. The importance, here, being the suggested progression from tribal life to village entity, along with labor specialization.

I will now turn my Readers to this Post. One will ask what modern Baseball players have to do with ancient winemakers? It is all a matter of establishment of a Consumption market. The Post concentrates on the impact of high Pay for the best Players on the payment structure of the medium-range Players. I focus on a different aspect: What impact does the high Pay have on the attending Public? It is obvious that Team managements have been raising Ticket prices and Marketing efforts to profit from the increased Payrolls of Players, even more so among those Teams advancing medium-range player Pay at equitable scale to the higher-priced Players. The median Income of Attendants of Ball games has obviously had to rise during such Period of payment of high Pay to advanced Players.

Could a Wine-making facility of the size found been able to continue to pay for the Expense of its construction based upon the purchase habits of only wealthy individuals? The Answer to this is No! There had to be a major Population center, successive Caravans through the area, or widespread Sales of cheap Wine throughout the area. This indeed brings another aspect to Mind; the need for massive amounts of Product to make Wine, the area had to be heavily planted to vineyards. Labor in these vineyards had to be supported by grain production, so there had to exist a massive amount of land development with high rural population in the area. The Economics of History may be the most interesting aspect of the field. lgl